"So I don't think we're to the layoff stage yet, but we're clearly at the non-hiring stage."
The message is unambiguous: get ready.
https://www.cnbc.com/video/2025/04/15/ibm-vice-chairman-gary-cohn-probably-of-recession-is-higher-but-still-policy-dependent.html
Gary Cohn, IBM vice chairman and former director of the National Economic Council, joins CNBC’s ‘Money Movers’ to discuss outlooks on U.S. trade policy, markets, probability of a recession, and much more.